We suggest the both and method.

I'm in the brainstorming stage.Do you think this method can work, or do you have another creative solution for this?

If you use the 70% rule (not the only method for determining purchase price), based on your estimated ARV, a purchase price in the $60k range would be a decent target.Another thing to think about is typically at courthouse step auctions, I believe you have to have all cash to make the purchase.Whatever you decide to do, best of luck to you!

You are absolutely right about the valuation methods, and for that reason I don’t treat them exactly the same.

I am most interested in using the BRRRR method to obtain rental properties. 

Additionally, when I have several projects going, I have to do a lot more accounting for floating checks/expenses than I would need to if I scheduled each electronically.Has anyone found a good and simple method for transferring money electronically that a contractor could immediately see the value? 

There are numerous online tools for rental management.Check out Avail, Buldium or TenantCloud. 

Hey guys! I was watching one of BP’s webinars the other day and one of the strategies that was mentioned was the stack. He was explaining how you can buy 1 house one year and then 2 the next and 4 the next and so on. ...

Without the BRRRR method we would be beholden to having a high downpayments.  

I continually tried to call both their cell phones and never got a response or call back and the only responses I would get would be vague explanations through text messages of where this supposed $7,000 came from that was never once discussed in the 6 months of rehabbing and numerous conversations the three of us had about the budget and expectations.